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Forecast for 2013 Food-Price Rise of 3%-4% in U.S. Unchanged

U.S. consumers may pay 3 percent to 4 percent more for food next year, and less for meat in 2012 than previously forecast, as the country’s worst drought since the 1950s works its way onto store shelves, the USDA said.

Prices for meat, poultry and fish will rise 3 percent to 4 percent in 2012, one-half of a percentage point less than estimated last month, the U.S. Department of Agriculture said in a report today on its website.